RE: RE: RE: RE: Final RPG valuationWe just ran through the #'s for SJT 1 and 2, which will not receive a government grant. The project will produce significant free cash flow (my estimate is 20 million or more with the 10MW bottoming unit) without subsidies. Over the long term (and these projects will last 5X longer than the length of their loans) geothermal is robustly economic without grants, tax incentives or carbon credit schemes. Robustly economic! Warren Buffet and Rick Rule agree with me.
With those extras however, which for a project like Orita or Geysers will be millions in extra cash flow per year, geothermal is the investment of a lifetime.